A. Local Enduring Legacy Press Books: Each year, ELP produces a number of annually-recurring books, each of which are suitable for local customization. 3. How ELP Partners Create Value in Their Franchises: Each local Franchise operates exclusively in a geographical region, subject to the provisions of a Franchise Agreement. Since many ELP books are intended to be annually recurring in nature, Franchisees can expect a continuing stream of revenue from year to year. Additionally, Franchisees who refer other Publishing Partners are entitled to royalty payments based upon the Referral's sales results. Thus, Franchisees can create value by building a recurring stream of income from book sales, advertising revenues, and Referral Fees. For a more detailed discussion of valuation, click here. Note: Each Publishing Partner operates under the terms and conditions of a Franchise Agreement with ELP, and the exact details of the working arrangement between ELP and its Franchisees are governed by those Franchise Agreements |